MARKET TALK: RBS Raises Tate & Lyle Price Target

2nd Jul 2010 12:28

1128 GMT [Dow Jones] Royal Bank of Scotland raises Tate & Lyle (TATE.LN) price target to 530p from 480p following the company's sale of it EU sugar refining operations. RBS says the move eliminates a challenging business, reduces the group's commodity exposure and further strengthens the balance sheet. Buy rating. Shares +2.3% at 465p. ([email protected]) Contact us in London. +44-20-7842-9464 [email protected] (END) Dow Jones Newswires July 02, 2010 07:28 ET (11:28 GMT)

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